Vocational Education and Training Loan Scheme
in West Bengal
Last updated:
Vocational Education and Training Loan Scheme in West Bengal
Vocational Education and Training Loan Scheme is a government scheme available to eligible residents of West Bengal.
Apply for Vocational Education and Training Loan Scheme in West Bengal
Scheme Overview
The Vocational Education and Training Loan Scheme provides financial assistance to youth of the target group to enhance their skills & employability.
Eligibility Criteria
**Eligibility Criteria**
The person should be from the target group of NSKFDC.
The person should have secured admission in a course run or supported by a Ministry, Department, or Organization of the Government or a company, society, or organization supported by the National Skill Development Corporation or State Skill Missions/State Skill Corporations, preferably leading to a Certificate/Diploma/Degree etc. Issued by a Government Organization or an Organization recognized/authorized by the Government to do so.
**Course Eligibility**
Vocational Education and training courses of the duration of a minimum 6 months and up to 2 years run or supported by a Ministry/Department/Organization of the Government or a Company/Society/Organization supported by a National Skill Development Corporation or State Skills/Mission/State Skill Corporations.
**Age Eligibility**
The candidate should attain a minimum age of 18 years on completion of the course. The upper age limit is up to 50 years.
Benefits
Quantum of loan
Need-based finance to meet up to 90% of expenses shall be considered subject to the following Ceilings:
For courses of duration up to 2 years: up to Rs. 4,00,000/-
Interest
National Safai Karamcharis Finance & Development Corporation (NSKFDC) shall charge interest @ 1% per annum from the Channelizing Agency which, in turn, shall charge 4% per annum from the beneficiaries. In the case of women, an interest rebate of 0.5% shall be provided.
Repayment: Up to 7 years.
Required Documents
| # | Document |
|---|---|
| 1 | Aadhaar Card |
| 2 | Driving License |
| 3 | Bank Details |
| 4 | Caste Certificate |
| 5 | Income Certificate |
| 6 | Domicile Certificate |
How to Apply in West Bengal
Step 1: Visit the official website.
Online Step 1: Visit the official website.
Step 2: Click on How to Apply. Tap on the Loan application form.
Online Step 2: Click on How to Apply. Tap on the Loan application form.
Step 3: Click on Loan application form.
Online Step 3: Click on Loan application form.
Step 4: Fill in all the details and tap Save to save the application form.
Online Step 4: Fill in all the details and tap Save to save the application form.
Common questions in West Bengal
Who can apply for Vocational Education and Training Loan Scheme in West Bengal?
Eligible residents of West Bengal who meet the scheme’s overall criteria can apply for Vocational Education and Training Loan Scheme. Refer to the eligibility section above for the complete checklist.
What documents are required for Vocational Education and Training Loan Scheme in West Bengal?
Applicants in West Bengal typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The candidate should attain a minimum age of 18 years upon completion of the course. The upper age limit is up to 50 years.